In forex, the major determinant of the profits you make is your trading strategy. A fully tested and well proven trading strategy gives you confidence as you enter trades and decide to leave them when necessary.
Now, the first part of your Forex trading strategy will be your trading plan. Your trading plan will be the cornerstone of any success or lack of achievement you will have in the currency market. A Forex trading strategy is important because it helps you build your confidence. You can also start to apply those strategies showing signs of promise. Next, you need to maximize your winning trades. Your Forex trading strategy must give you a clear set of rules you can follow. Read more How to Build a Rock Solid Forextrading Strategy!